A Snapdeal spokesperson was quoted by PTI as saying: “On our journey towards becoming India’s first profitable e-commerce company in two years, it is important that we continue to drive efficiency across all parts of our business, which enables us to pass on the value to our consumers and sellers.”

“We have realigned our resources and teams to further these goals and drive high-quality business growth,” the spokesperson was further quoted by PTI as saying.

According to a PTI report: The company had last reported an employee strength of 8,000 people.

Snapdeal, which has been locked in an intense battle with rivals Amazon and Flipkart, has been struggling to raise fresh capital.